US Treasury Secretary Janet Yellen warned that the world was moving away from the US dollar, citing the enormous $34 trillion US national debt and the rise of cryptocurrencies like bitcoin in an open letter to U.S. lawmakers on 27 January. She noted that in recent years the US had ‘relieved’ a number of countries […]
Blockchain data viewed by Reuters showed that the payment company, based in Cambodia, had inadvertently received more than $150,000 of the North Korea-linked cryptocurrency belonging to Lazarus. It’s just one of the few examples of how the hacking group that’s been sanctioned by the US launders cash in the region. According to the UN, the
The speculative hype that surrounded non-fungible tokens (NFTs) and surged through the cryptocurrency universe in 2021 seems long gone. In the early days of bullish hype, sales of NFTs such as Bored Ape Yacht Club and CryptoPunks and others were millions of dollars, including outlandish sales such as Beeple’s piece that sold, at auction to
Strong participation by Indian equity traders is adding to the volumes in the crypto market, as the high volatility and quick return possibilities of the crypto market prove to be an irresistible attraction to equity traders looking for diversification through short-term trading strategies. Crypto assets further offer portfolio diversification with low correlation to orthodox financial
Bitcoin (BTC) fell as much as 2.3 percent in 24 hours, erasing its gains after the release of the latest inflation read from the United States – which appeared initially to be good for risk assets like cryptocurrencies. Other major tokens like Ethereum (ETH) and BNB also fell during the selloff, along with Solana (SOL)
The Future of Bitcoin Mining: Embracing Renewable Energy Sources Mining, the process through which new bitcoins are created, provides an incentive for operators to perform the computation necessary to verify transactions and maintain the blockchain. However, recent environmental concerns about the carbon-intensive electricity sources utilised by the industry are prompting operators to reduce the energy
With Bitcoin again crossing $60,000, Michael Saylor, the chairman and co-founder of MicroStrategy, a company that has placed more than $3 billion in the meme cryptocurrency Bitcoin and which benefited greatly from a surge in its share price, caused a stir of hype when he Tweeted: ‘Bitcoin is the bridge from chaos to hope.’ Saylor
Brendan DuBois, a New York Times best-selling author and winner of a past season of Jeopardy!, was arrested in New Hampshire on six counts of possession of child pornography. DuBois, 64, surrendered to local police after a search warrant was executed at his home by the Exeter Police Department, acting on a tip from the
Lionel Messi and Cristiano Ronaldo are titans of the football world. With the addition of the World Cup victory this year, Messi has now won pretty much every major prize in the sport. His rival on the football field has one less in his trophy cabinet: for Ronaldo, the grandest men’s team prize in football
When India’s third-largest IT company, HCLTech, logged a 20 per cent jump in consolidated net profit at Rs 4,257 crore for the quarter ending June 2024, despite reducing its headcount (staff strength) by 8,080 employees, its arch-rival, India’s largest private sector Indian IT firm – the Tata Consultancy Services (TCS) – booked a 3.16 per
